First Tin (LON:1SN) Shares Down 1.8% – Here’s Why

Shares of First Tin Plc (LON:1SN) were down 1.8% on Friday . The stock traded as low as GBX 16 and last traded at GBX 16.20. Approximately 309,773 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,511,201 shares. The stock had previously closed at GBX 16.50.

First Tin Trading Down 1.8%

The stock has a market cap of £87.78 million, a PE ratio of -41.54 and a beta of 1.41. The company’s 50 day moving average is GBX 13.47 and its 200-day moving average is GBX 9.38.

Insider Buying and Selling

In other First Tin news, insider Charles Cannon Brookes purchased 4,289,286 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, for a total transaction of £300,250.02. Also, insider Brett Smith acquired 27,142,856 shares of the company’s stock in a transaction on Monday, December 15th. The shares were acquired at an average price of GBX 7 per share, for a total transaction of £1,899,999.92. Over the last 90 days, insiders have acquired 31,860,713 shares of company stock worth $223,024,991. 14.02% of the stock is currently owned by corporate insiders.

First Tin Company Profile

First Tin is an ethical, reliable and sustainable tin development company with advanced, low capex projects in Germany and Australia, led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia.

First Tin’s goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions, for which tin is critical.